The International Monetary Fund (IMF) has projected 6.6% GDP growth for Bangladesh in FY22. This will rise to 7.1% next fiscal year if the current trend of covid recovery continues. This growth is due to quick and decisive actions by the authorities alongside effective economic policies enacted to combat covid-19. According to IMG structural reforms should focus on improving governance, diversifying exports, increasing productivity, and building climate resilience to lift growth potential.
The Center for Economics and Business Research (CEBR) recently announced the findings in its annual World The Center for Economics and Business Research (CEBR) on 26 Dec 2021 Sunday. According to this report, Bangladesh is one of the fastest-growing economies in the world.
Bangladesh is projected to reach 24th position by 2036. This rank signifies the expected growth of Bangladesh’s economy in the next decade. Multitudes of factors are responsible for the upward trend in economic performance and consistency in growth.
Two key areas identified in the report is rising global demand for RMG, which facilitates a large volume of income from foreign exports. Another area is the large volume of foreign investments entering the country's telecommunication industry. This sector is driven by a competent workforce skilled in information and communication technology.